Tesla Inc shares jumped over 12 percent on Tuesday after long-time critic and short-seller Citron Research stated it had a change of heart and is now betting the automaker’s stock will boost. The firm stated in a research note that Tesla’s Model 3 sedan is a “proven hit” and serious rivalry from other automakers for

Tesla Inc’s Model 3 sedan recorded more registrations in California compared to its class competitors BMW 3-Series and Mercedes C-Class in the first quarter, as per a report by the California New Car Dealers Association (CNCDA). Model 3 registrations amounted 3,723, or 14.3 percent of the near-luxury segment, compared with 3,323 for the Mercedes variant

Short-sellers who had targeted Tesla Inc logged a $700 million paper profit on Thursday following the fall of the stock almost 9 percent a day after CEO Elon Musk stunned experts by dodging “boring” questions regarding the automaker’s financial outlook. The windfall wiped out short-sellers’ present year losses on Tesla, the biggest U.S. equity short,

Registrations of Tesla vehicles in California, without a doubt the largest market of the high-end electric car maker, dropped 24 percent in April from a year earlier, as per the information from IHS Markit. The findings come as financiers stress that demand for Tesla’s luxury Model S sedan is fading ahead of the mass market